Familiar Bitcoin Scam Defrauds Dutch Investors of $1.9 Million and Counting

A Bitcoin scam that has been tried many times over the last few years appears to be having a lot of success in the Netherlands. It has so far, it is believed to have racked up at least $1.92 million since the start of 2018.

The premise is simple. Create a legitimate looking crypto investment platform website, claim huge returns on investments, and advertise it will a celebrity’s image. Easy.

Bitcoin and Celebrities Used to Line Scammers’ Pockets

There have been loads of examples of the “fraudulent celebrity” scam in the Bitcoin and crypto space over the years. There are fake accounts all over Twitter offering to send the most naive of the platform’s users digital currency if the follower first makes a small deposit with them.

The problem got so rife last year that many prominent figures in the industry changed their handles to categorically state that there would never give away free crypto. In fact, two crypto reporters even penned an article for Bloomberg denouncing their fake…

Read Full Story : NewsBTC

2019-04-12 23:00:12

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